1. With FOREX trading, there is no inventory, no employees, and no customers. Your overhead can be as minimal as a home computer with Internet access.
2. You can get started with a "mini-account" investing as little as $300.
3. Currency prices tend to repeat in relatively predictable cycles creating strong trends. Once you learn how to trade properly, you can compound your money, and potentially turn a little into a lot.
4. You can trade for a few hours per week, or much more if you want to. It's all up to you.
5. The FOREX market is very liquid, with trillions of dollars traded every day. On its slowest day, orders can usually be placed within a few seconds if you stay with the major currencies. Instantaneous execution (1 to 2 seconds) is the norm during normal trade volume days (for the major currencies).
6. You can trade from just about anywhere as long as you have a computer with internet access to your account.
Wednesday, May 12, 2010
Saturday, April 3, 2010
International Capital Markets
International Capital Markets, commonly known as "ICM" or "IC Markets" is an Australian based investment company offering over-the-counter (OTC) and exchange traded derivative products including direct market access (DMA) Contracts-For-Difference (CFDs), foreign exchange (Forex) and global futures contracts to its retail and professional client base. International Capital Markets is one of Australia's largest CFD and Forex providers.
Operations
International Capital Markets offers a wide range of financial products and services to its retail and corporate customers. In addition to its core business of Contracts-For-Difference (CFDs), International Capital Markets other principal products and services include:
* Futures
* Spread Bet
* Foreign Exchange (Forex)
* Funds
* Bonds
The range of underlying markets currently includes:
* Australian and international shares
* Global stock indices
* FX
* Metals
* Energies
* Commodities
* Options
* Interest rates
Online Dealing
In 2009 International Capital Markets introduced ProDeal, a web-based solution enabling ICM to offer online trading to its retail and professional client base. International Capital Markets client base increased significantly with the introduction of online dealing and now more than 90% of transactions are executed online.
Regulation
International Capital Markets is regulated by the Australian Securities and Investments Commission (ASIC) in Australia.
Operations
International Capital Markets offers a wide range of financial products and services to its retail and corporate customers. In addition to its core business of Contracts-For-Difference (CFDs), International Capital Markets other principal products and services include:
* Futures
* Spread Bet
* Foreign Exchange (Forex)
* Funds
* Bonds
The range of underlying markets currently includes:
* Australian and international shares
* Global stock indices
* FX
* Metals
* Energies
* Commodities
* Options
* Interest rates
Online Dealing
In 2009 International Capital Markets introduced ProDeal, a web-based solution enabling ICM to offer online trading to its retail and professional client base. International Capital Markets client base increased significantly with the introduction of online dealing and now more than 90% of transactions are executed online.
Regulation
International Capital Markets is regulated by the Australian Securities and Investments Commission (ASIC) in Australia.
Tuesday, March 23, 2010
The Best Way to Handle Forex Trading
One of the most basic things that you have to understand about Forex trading is that there will always be losing streaks along with the winning ones.
Having this fact in mind will keep you going during those times that you do not get a good deal. The best way to handle Forex trading is to have a reliable trading system coupled with a rigid money management system.
There are many different strategies employed in Forex trading today. What you should do is either adopt one of them or come up with your own. No matter which path you choose to take, the important thing is that your trading system has been proven or can be proven to be reliable.
A reliable trading system is one which gives you more winning trades than losing ones. More wins with greater value equals profits. No matter how you come up with your trading system, the bottom line is that you get consistent results.
Using a demo account before trading live. Using a demo account is advantageous as you will be doing exactly the same thing as live trading - without real money. This way, you can test your strategy and pick out the flaws if there are any.
Your strategy should not stop there, though. Once you engage in live trading, you must take care to instill strict discipline when it comes to money management.
Always remember that you cannot win all the time and that losses are part of trading. If you have a strategy in place, do not scramble to recoup your losses outside the boundaries of your strategy. The trend is that winning will come soon after your losses.
Having this fact in mind will keep you going during those times that you do not get a good deal. The best way to handle Forex trading is to have a reliable trading system coupled with a rigid money management system.
There are many different strategies employed in Forex trading today. What you should do is either adopt one of them or come up with your own. No matter which path you choose to take, the important thing is that your trading system has been proven or can be proven to be reliable.
A reliable trading system is one which gives you more winning trades than losing ones. More wins with greater value equals profits. No matter how you come up with your trading system, the bottom line is that you get consistent results.
Using a demo account before trading live. Using a demo account is advantageous as you will be doing exactly the same thing as live trading - without real money. This way, you can test your strategy and pick out the flaws if there are any.
Your strategy should not stop there, though. Once you engage in live trading, you must take care to instill strict discipline when it comes to money management.
Always remember that you cannot win all the time and that losses are part of trading. If you have a strategy in place, do not scramble to recoup your losses outside the boundaries of your strategy. The trend is that winning will come soon after your losses.
Saturday, March 6, 2010
Basic Forex Trading Education
The Importance Of Even The Most Basic Forex Trading Education For Budding Traders
The Importance Of Even The Most Basic Forex Trading Education For Budding Traders By: Christopher Lee
The title of this article points to a very disturbing trend that has been going on in the world today. More and more people are turning towards the Forex market as a means to make either a secondary income or to open up a revenue stream that would soon be the main source of income for them. Yes, the Forex market is a great place for anyone to make money, due to its liquidity and often predictable market psychology.
A seasoned FX trader will tell you that the very dynamism of the Forex market and the fact that its psychology often goes into patterns will allow you to be able to almost predict currency movements and design your strategies around them. But often than not, websites offering brokerage services are often at fault in the trend of hundreds of investors burning out every week.
They promise, with sweeping statements, an almost overnight success formula with FX. Let's be clear about one thing. Forex is still a type of commodities trading and compared to more traditional trading options like stocks and futures, Forex carries with it its own unique set of risks and dangers. The rules are still the same, you need to have an education of the market before you even decide to put your money in a brokerage account and start investing. Going in blind and with minimal information is the one problem of many investors out there. The thing is, this can be traced to the popularity of over the counter trade and day trading, especially when FX was paired quite successfully with the internet.
Now a 24 hour market was paired with a 24 hour platform, and with the advent of Forex programmes and software, people found it an easy access investment market where even part time students could start making investment decisions on currency and make some money on the side. All of this is true, down to the basics of investing in Forex, but no one can succeed without training and education; especially if you are a budding trader. You need to involve yourself in as much literature on the subject as you can.
You need to know about the different types of trading in the Fx market, and how money is both measured and made. You need to understand the market psychology and find out about the many factors that can affect the currency pair that you have chosen. The best way is that you sign up for a dummy account and start investing in the Forex market with fake money. This way, you will be able to find out first hand if you are made to measure, compatible with a dynamic market that needs constant attention.
The worst thing that budding investors can do is to rush into the Forex market, thinking it is an oasis to all the problems of the world. Be careful with this and treat it as gingerly as you would any investment market, with a good head and some basic Forex trading education.
The Importance Of Even The Most Basic Forex Trading Education For Budding Traders By: Christopher Lee
The title of this article points to a very disturbing trend that has been going on in the world today. More and more people are turning towards the Forex market as a means to make either a secondary income or to open up a revenue stream that would soon be the main source of income for them. Yes, the Forex market is a great place for anyone to make money, due to its liquidity and often predictable market psychology.
A seasoned FX trader will tell you that the very dynamism of the Forex market and the fact that its psychology often goes into patterns will allow you to be able to almost predict currency movements and design your strategies around them. But often than not, websites offering brokerage services are often at fault in the trend of hundreds of investors burning out every week.
They promise, with sweeping statements, an almost overnight success formula with FX. Let's be clear about one thing. Forex is still a type of commodities trading and compared to more traditional trading options like stocks and futures, Forex carries with it its own unique set of risks and dangers. The rules are still the same, you need to have an education of the market before you even decide to put your money in a brokerage account and start investing. Going in blind and with minimal information is the one problem of many investors out there. The thing is, this can be traced to the popularity of over the counter trade and day trading, especially when FX was paired quite successfully with the internet.
Now a 24 hour market was paired with a 24 hour platform, and with the advent of Forex programmes and software, people found it an easy access investment market where even part time students could start making investment decisions on currency and make some money on the side. All of this is true, down to the basics of investing in Forex, but no one can succeed without training and education; especially if you are a budding trader. You need to involve yourself in as much literature on the subject as you can.
You need to know about the different types of trading in the Fx market, and how money is both measured and made. You need to understand the market psychology and find out about the many factors that can affect the currency pair that you have chosen. The best way is that you sign up for a dummy account and start investing in the Forex market with fake money. This way, you will be able to find out first hand if you are made to measure, compatible with a dynamic market that needs constant attention.
The worst thing that budding investors can do is to rush into the Forex market, thinking it is an oasis to all the problems of the world. Be careful with this and treat it as gingerly as you would any investment market, with a good head and some basic Forex trading education.
Friday, March 5, 2010
Fundamental and Technical Analysis
There are two main forms of analysis which are used in Forex trading ? fundamental and technical analysis - and here we are going to look at exactly what is meant by fundamental analysis.
At its simplest, fundamental analysis looks at both economic and political conditions that might affect currency prices and Forex traders who make use of fundamental analysis rely on news reports for information about a range of things including inflation, growth rates, economic policy and employment rates.
Basically, fundamental analysis gives an outline of currency movements together with a broad view of economic conditions which may well alter the value of a specific currency.With this view in mind, Forex traders will then generally go on to make use of technical analysis to plot entry and exit points in the market and to add to the information gained from fundamental analysis.
At its simplest, fundamental analysis looks at both economic and political conditions that might affect currency prices and Forex traders who make use of fundamental analysis rely on news reports for information about a range of things including inflation, growth rates, economic policy and employment rates.
Basically, fundamental analysis gives an outline of currency movements together with a broad view of economic conditions which may well alter the value of a specific currency.With this view in mind, Forex traders will then generally go on to make use of technical analysis to plot entry and exit points in the market and to add to the information gained from fundamental analysis.
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